Select Water Solutions, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 04:15 pm EDT
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Select Water Solutions, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 55.28 million compared to USD 25.78 million a year ago. Revenue was USD 404.63 million compared to USD 335.9 million a year ago. Net income was USD 20.12 million compared to USD 12.5 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.13 a year ago.
For the six months, sales was USD 110.74 million compared to USD 49.32 million a year ago. Revenue was USD 821.22 million compared to USD 630.67 million a year ago. Net income was USD 32.46 million compared to USD 19.31 million a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 0.31 compared to USD 0.2 a year ago.
Select Water Solutions, Inc. is a provider of sustainable water and chemical solutions to the energy industry. The Company operates in three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment consists of its services businesses, including water sourcing, water transfer, flowback and well testing, fluid hauling, water monitoring, water containment and water network automation, serving exploration and production (E&P) companies. The Water Infrastructure segment provides recycling, gathering, transferring and disposal of water. Its operations are enabled by a network of permanent pipeline infrastructure, semi-permanent pipeline infrastructure, water recycling facilities, earthen pits, water sources and SWDs. The Chemical Technologies segment develops, manufactures, manages logistics and provides a full suite of completion chemical products utilized in hydraulic fracturing, stimulation, cementing and related well completion processes.
SELECT WATER SOLUTIONS, INC. 
